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never got away with n the cayman with what he got away here in the u.s. >> remember the solution after the enron scandal. >> it's a tough law. for those that have shaken confidence. >> that gave us a law which cost americans billions in paperwork but did not prevent madoff's fraud or the next big bubble. >> banks make bad decisions. it makes sense you should have a rule to stop that. no, what about the cayman building. doesn't it suggest tax fraud. thousands of companies are registered here. >> it has nothing to do with taxes. in delaware there are buildings that have hundreds times a my registered companies. >> it's true. companies register themselves in delaware because delaware has simpler rules i once started a business there in one wk. >> fox t-shirt and fox hat. great stuff there. >> john: i could have registered faster in the caymans. >> what i set out to do was design a system that was market responsive and fast. >> he helped create the rules. it takes ten pages to register a hedge fund. the simple rules work. >> look at our track record. just in the past decade we've been thro
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